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Long Island Iced Tea Corp. (:LTEA) Shares Gapping Up BMO

22 December 2017, 01:19 | Melanie Burgess

Credit Long Island Iced Tea

Credit Long Island Iced Tea

Formerly called the Long Island Iced Tea Corp, the newly-named Long Blockchain Corp hasn't actually explained what it plans to do with blockchain technology, per CNBC.

Want to increase company value on the open market? Most of these moves, if not all, involve risky, small stocks that have little volume and fly under the radar of the typical investor. for good reason. Maybe things haven't gone as well as planned in the first half of the year, and a few tweaks need to be made to bolster profits in the second half.

In conjunction with the change in focus, the company canceled a planned share sale. Start finding winning trades in minutes with Trade Ideas! Locating those overlooked sectors with growth potential might be a good way to uncover those stocks that are ready to make a run. The firm has fifty days moving average percentage of 186.38% to its latest price change. In this case performance of tends to percentage rate of return for a stock for a given time frame. The stock witnessed -4.31% declines, 1.67% gains and -51.78% declines for the 1-month, 3-month and 6-month period, respectively. Now (9:06), LTEA is trading at $11.00 per share after a gain of $8.56 per share or 350.82% thus far today. The SEC filing shows that Heron Bay Trust performed a sale of 65,000 shares.

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The Farmingdale, N.Y., company's stock was up almost $193.3% at $7.16 in afternoon trading, moving the firm out of penny stock territory and making it latest company whose financial fortunes have been boosted by recent investor and consumer eagerness for all-things-cryptocurrency. Based on a recent bid, the stock is trading 21.96% away from it's 52- week high and 379.41% away from its 52 week low.

Though the company says it doesn't have any agreements in place, the company has switched its domain to http://www.longblockchain.com and the new site says Long Blockchain is in the "preliminary stages of evaluating specific opportunities". A statistical measure of the dispersion of returns (volatility) for LTEA producing salvation in Investors mouth, it has week volatility of 14.56% and for the month booked as 11.73%.



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